McOttley Capital, an investment management arm of McOttley Holdings, has assured Ghanaians and its cherished clients of bright future. A statement from the company said the operations of McOttley Capital remains stable, adding that, it shall continue to offer exciting tailored-made products and services to its clients, guided by its values of excellence, integrity and … Read more
Asante Kotoko goalkeeper Felix Annan is envisaging a difficult clash against Inter Allies in Week Two of the 2017/18 Ghana Premier League. Asante Kotoko will welcome Inter Allies to the Kumasi Baba Yara Sports Stadium on Sunday after drawing 1-1 with WAFA in the league opener. Meanwhile, the Capelli Boys lead the oack after a … Read more
After settling for a one all draw against WAFA last Sunday, Asante Kotoko will play as host to Inter Allies in our Match Day 2 Premier League fixture at Baba Yara Stadium. Asante Kotoko secured their first ever point against WAFA at Sogakope last Sunday, a place Kotoko had gone down in three attempts. If … Read more
Niger star Victorien Adebayor has received the first man-of-the-match award of the 2017/18 Ghana Premier League season after scoring a brace in Inter Allies’ convincing 3-0 victory over Bechem United on Saturday afternoon. The nimble-footed player, signed from Niger top Division side Association Sportive des Gendarmerie Nationale Nigérienne (AS GNN), produced an excellent performance to … Read more
Algerian outfit, Entente Sportive de Setif, must have welcomed their pairing against Aduana Stars with a huge sense of relief. And they will come to Dormaa on March 7, 2018, confident in the knowledge that Ghanaian clubs have been cursed against Algerian opposition. It is this ‘curse’ that I wish to bring to the attention … Read more
The 2020 presidential race of the National Democratic Congress (NDC) will likely be a very competitive one, considering the number of party members eyeing the presidency. Among the numerous persons who have indicated interest in the presidential slot of the NDC is Stephen Atubiga, a member of the NDC communication team. Atubiga, since after publicly … Read more
It may not yet be a full-blown divorce, but the relationship between Donald Trump and the Republican Party is fast unraveling, threatening the president’s prospects of steering legislation through Congress. Trump took barely 18 months to conquer the party of Abraham Lincoln and Ronald Reagan, swatting aside more traditional challengers as he seized the Republican … Read more
As President Donald Trump looks to put his stamp on the Federal Reserve, an unexpected frontrunner has emerged to lead the US central bank: current Fed Chair Janet Yellen. Trump, in an interview Tuesday with the Wall Street Journal, confirmed that Yellen, who has led the Fed since 2014, was “in the running, absolutely,” along … Read more
European stock markets ended the week down as the euro extended its gains on Friday after the European Central Bank said it would reassess its monetary policy stance in the autumn, fueling talk that the age of cheap money was coming to an end. Eurozone markets slumped more the 1.5 percent while London slipped 0.5 … Read more
Anthony Scaramucci, named Donald Trump’s new White House communications director, is a millionaire former hedge fund investor who shores up the stable of bankers in the president’s inner circle. It is the first administration role for the 53-year-old Republican fundraiser with telegenic looks who has long been an articulate surrogate for the president and who … Read more
Bank of America announced Friday that it will move its hub for EU business to Dublin from London following Brexit. The Irish capital will be “the preferred location for (the bank’s) principal EU legal entities following the UK’s departure from the EU,” BofA said in a statement. “Bank of America has operated in Ireland and … Read more
Slumping US retailer Sears announced an agreement Thursday to sell appliances from its Kenmore line on Amazon, a move that is expected to stiffen competition for other brick-and-mortar stores. Under the deal, Amazon would offer the most extensive platform for Kenmore products outside of Sears stores and websites, the company said. “The launch of Kenmore … Read more
Citigroup has picked Frankfurt as its headquarters for broker-dealer duties for EU countries after Brexit, a Citigroup executive announced Thursday in an email reviewed by AFP. The operations are currently housed in London at Citigroup Global Markets, but is expected to lose passporting rights to the EU after Brexit takes effect in 2019, said James … Read more
Morgan Stanley has picked Frankfurt as a new temporary hub to operate in the European Union when Brexit takes effect, a person familiar with the situation said Wednesday. The New York investment bank will double staff in the German city from 200 to 400 in order to be ready to continue to operate in Europe … Read more
Global stock markets were pressured Tuesday by worries about President Donald Trump’s agenda after a proposed health care reform measure collapsed in Congress, raising concerns about prospects for his tax reform. Bourses in Paris and Frankfurt shed more than one percent, while London and Tokyo also retreated. US stocks were mixed, with the Nasdaq rising … Read more
Global financial services giant Goldman Sachs reported flat second-quarter earnings Tuesday as gains in investment management offset a steep drop in trading revenues due to weak volatility. Net income was essentially unchanged from the comparable quarter last year at $1.6 billion, while revenues dipped 0.6 percent to $7.9 billion. “A mixed operating environment persisted into … Read more
Citi Business News can confirm that President Akufo Addo has nominated Dr. John Kofi Mensah as the new MD of Agricultural Development Bank (adb). Dr. Mensah’s nomination is subject to approval by the Board of Directors of the bank. If approved, he will take over from Mr. Daniel Asiedu, who was appointed MD of the bank … Read more
Federal Reserve Chair Janet Yellen on Wednesday said even as the US economy grows stronger and employment expands, she foresees only “gradual” interest rate increases in the few years ahead. Facing sometimes tough questions in the hearing, Yellen presented the Fed’s required semi-annual report to Congress — possibly for the last time if President Donald … Read more
Wall Street stocks finished little changed Tuesday, rebounding from a mid-session swoon sparked by unease over Donald Trump Jr’s interactions with Russian interests. Markets had been chugging through a sleepy session until the midday release of emails by the US president’s son showing the younger Trump embraced Russia’s efforts to support his father’s presidential campaign, … Read more
US President Donald Trump intends to nominate Randal Quarles, a former Treasury Department official, to a role as the country’s top banks regulator, the White House said Monday. Quarles, who is founder and managing director of The Cynosure Group, a private investment firm in Salt Lake City, would be the latest financier to join the … Read more